Tobique First Nation establishes authority to oversee prediction markets
Regulation1 min read
In brief
- Tobique First Nation in New Brunswick has introduced legislation regulating prediction markets.
- A new Tobique Prediction Market Authority has been established.
- The authority will oversee permit holders under the Prediction Markets Act.
- It is separate from the community's existing gaming regulator.
In New Brunswick, the Tobique First Nation has brought in a law that deals specifically with prediction markets. The community also created a new body to supervise the industry.
The new body, the Tobique Prediction Market Authority, will oversee permit holders under the Prediction Markets Act. It is separate from the community's existing gaming regulator.